How imports and exports can have an impact on the economy

Assignment Help International Economics
Reference no: EM13826480

Question-

The purpose of this question is to become familiar with the terms import and export, and then discuss advantages or disadvantages of buying imports versus buying domestic products in relation to the fashion industry.

First, post the definitions of import and export, and give examples of a chosen company and product for 1 import and 1 export item.
Advocate either buying imports or buying domestically for retailing the item.

Describe in detail 2 arguments to defend your point of view.

Additional Information-

The question is from Economics and the question is explains about imports and exports. How imports and exports can have an impact on the economy. And the impact of imports and exports has been discussed in the answer along with some examples.

Word limits- 600

Reference no: EM13826480

Questions Cloud

Censorship enforced written and unwritten laws : Censorship, enforced written and unwritten laws, red tape and language hurdles not to mention having and keeping the rights to your own patents and products.
Discusses about the depicting of ads that target children : discusses about the depicting of ads that target children
Company profit and loss and balance sheets : A2Z Maritime is a ship-owning company that had some long term contracts that include land transport delivery, but these seem to be declining.
Discusses visiting a bank and obtaining a loan application : discusses about visiting a bank and obtaining a loan application
How imports and exports can have an impact on the economy : The question is from Economics and the question is explains about imports and exports. How imports and exports can have an impact on the economy. And the impact of imports and exports has been discussed in the answer along with some examples.
Regulations against package to price deceptions : Regulations Against Package To Price Deceptions
Ledger accounts for machinery-depreciation for machinery : A machine was acquired by Wally World on 1 July 20X5 for $7,260 cash, GST inclusive. Installation costs of this machine were $660 cash, GST inclusive.
Accommodate local cultures in their international operations : To what extent do Multinational Corporations, transform, compensate or accommodate local cultures in their International operations
Difference in cross country value and culture : Difference In Cross Country Value And Culture

Reviews

Write a Review

 

International Economics Questions & Answers

  What are the reasons purchasing power parity may not hold

The Economist regularly publishes the Big Mac index to examine the validity of purchasing power parity. If purchasing power parity holds, a consumer should be able to take the same amount of money required to buy a Big Mac in the U.S.

  Proposes a fiscal stimulus package

Debate in Congress as to whether the Government should increase spending directly such as building bridges and schools.

  1international trade leads to specialization and mutual

1.international trade leads to specialization and mutual interdependence. every country specializes in a sub-set of

  Pick an mnc that currently does not do business in india

Pick an MNC that currently does not do business in India. Then, consider what steps this company should explore to determine the viability of entering the Indian market and establishing a major sales presence there

  Determine venezuelas production and consumption

Suppose that, instead of a quota, Venezuela grants its import-competing producers a subsidy of $100 per TV set. In your diagram, draw the subsidy-adjusted supply schedule for Venezuelan producers. Does the subsidy result in a rise in the price of ..

  How would a substancial appreciation in the european euro

how would a substancial appreciation in the european euro in the foreign exchange market affect the quantity of imports of European products by the US How would such an appreciation of the European euro affect travel by Americans to Europe

  Questionin the assumed absence of transport costs and trade

questionin the assumed absence of transport costs and trade restrictions perfect commodity arbitrage insures that each

  Contemporary issue effects of advertising on amercan culture

Think how free speech supports right to circulate goods and services, in the marketplace. In addition, consider how free speech in advertising has increased concerns about advertising manipulation,

  Explanations of international trade patterns

As an international economist you have been tasked to make a short speech which answers the given questions:

  Is the company allocating resources efficiently

A survey performed by a major research organization indicated that businesses are wary of current economic conditions and are now restoring to electronic media, such as the Internet and the telephone, to transact business.

  What do you think happened to university revenues

When the British government tripled university fees for foreign students in Great Britain, about one-half of them left to study in other countries." What is the implied price elasticity of demand by foreigners for a British education is (in absolu..

  Compute the opportunity cost

Nation X's production possibilities frontier is given through the following table, Further suppose that the each country is currently manufacturing and consuming at Point C on its production possibilities frontier.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd